Voluntary Separation Incentive Program
As announced by the dean of the College of Arts & Sciences, the college will be offering a Voluntary Separation Incentive Program (VSIP).
The VSIP offers a lump-sum cash payment the equivalent to 125% of the qualified person’s fiscal year 2023 budgeted base salary, or a combination of a cash payout and a health care bridge. If the health care bridge option is chosen, the salary payout will be reduced to cover the cost.
To be considered for the VSIP, a tenured faculty member in the College of Arts & Sciences must be at least 62 years old at the time of separation and have been at K-State for at least 10 years. Administrators who have tenured faculty status are also eligible if they meet the above requirements.
This program is made possible by one-time funding. Non-tenured faculty, unclassified professionals and university support staff in the college and all faculty and staff outside of the College of Arts & Sciences are not eligible for this program.
Not all VSIP applicants may be selected for participation. K-State's mission and strategic goals are a key priority, and all VSIP applications will be weighed against the best interest of the college. Selected individuals will be expected to complete instructional, research, service, and administrative activities through the end of the spring 2023 term. VSIP participants are also eligible to apply for emeritus status assuming eligibility criteria are met.
If you meet the eligibility requirements and are interested in applying, please complete the VSIP Notice of Interest Application Form, available behind K-State's secure single sign-on and submit it to the dean of the College of Arts and Sciences. All applications will be submitted to Provost Taber for final approval. The application period for the VSIP begins on December 19, 2022 and ends on January 27, 2023. Applications submitted later than 5 p.m. CST on January 27 will not be considered. Faculty will be notified by February 10 if their application is approved. Due to the one-time nature of the funding, it is unlikely the university will offer a similar program in the near future.
Before applying, we encourage eligible faculty to review all the program information — including the frequently asked questions — to determine if they wish to apply for the VSIP. We also encourage faculty to visit with our HCS benefits staff and their retirement provider(s), tax advisors and/or other professionals who might provide information on the decision process.
If you have further questions about the VSIP, please reach out to firstname.lastname@example.org at Human Capital Services.